First American Bank Portfolio holdings

First American Bank's Q2 2017 Portfolio in Review

As of Q2 2017, First American Bank held 343 positions worth $1.26B, up 2.4% from $1.23B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

First American Bank withdrew a net $104M in Q2 2017, closing 14 positions and reducing 89 holdings. Its most notable exit was Devon Energy, an estimated $6.06M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.2% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Financials.

Against the trend, First American Bank opened a new position in Carnival Corporation Ltd worth $4.51M.

• First American Bank's largest Q2 2017 buy was Carnival Corporation Ltd: 68,822 shares worth $4.51M.
• First American Bank added most to Amazon in Q2 2017, an estimated $2.38M increase.
• First American Bank's biggest Q2 2017 reduction was Verizon, cutting an estimated $2.56M.
• First American Bank fully exited Devon Energy in Q2 2017, selling an estimated $6.06M.
• First American Bank's ten largest holdings make up 24% of its $1.26B portfolio in Q2 2017.
• First American Bank opened 12 new positions and closed 14 in Q2 2017.
• First American Bank's portfolio value rose 2.4% quarter-over-quarter to $1.26B.

Based on First American Bank's 13F filing for Q2 2017, filed 10 Jul 2017.